TORONTO, March 17, 2014 /CNW/ - AlphaPro Management Inc. ("AlphaPro") and its affiliate Horizons ETFs Management (Canada) Inc.
(collectively, "Horizons ETFs") have declared a non-cash capital gains distribution to unitholders of
Horizons Enhanced Income US Equity (USD) ETF ("Horizons HEA") as a result of the deemed tax year end which occurred immediately
prior to the completion of the merger of Horizons Enhanced US Equity
Income ETF ("Horizons HES") into Horizons HEA on Friday, March 14, 2014.
Each of the ETFs is required to distribute any net income and capital
gains that they have earned in the tax year. Horizons HES was not in a
position to distribute any capital gains. Horizons HEA's capital gains
distribution will not be paid in cash but will be reinvested and
reported as taxable distributions and will be used to increase each
unitholder's adjusted cost base for the respective class of units of
Horizons HEA.
The distribution is applicable to all pre-merger Horizons HEA
unitholders of record on March 14, 2014 and was payable on the same
date. The non-cash distribution rates of realized capital gains are
indicated in the table below:
|
ETF Name
|
Class of Units
|
Ticker
Symbol
|
Non-Cash
Capital Gains
per Unit
|
|
Horizons Enhanced Income US Equity (USD) ETF (1)
|
Class E ($US)
|
HEA.U
|
$0.08381
|
|
Class E ($C)
|
HEA
|
$0.08381
|
|
Advisor Class ($US)
|
HEA.V
|
$0.08034
|
|
Advisor Class ($C)
|
HEA.A
|
$0.08034
|
(1) Distributions for Horizons HEA are declared and paid in U.S. dollars,
including those listed under the Canadian dollar traded tickers HEA and
HEA.A.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies offering
the Horizons ETFs family of exchange-traded funds. The Horizons ETFs
family includes a broadly diversified range of investment tools with
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. With
approximately $4.0 billion in assets under management and 69 ETFs
listed on the Toronto Stock Exchange, the Horizons ETFs family makes up
one of the largest families of ETFs in Canada. Horizons ETFs Management
(Canada) Inc. and AlphaPro Management Inc. are members of the Mirae
Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.
Copyright CNW Group 2014